Do you trust the home of banking to be the new home of cryptocurrency?Is this be a good thing for the future of cryptocurrency or will this just ensure that the banking system continues to control currency?

The Swiss lawmakers seem to be taking some steps to regulate cryptocurrency and fintech in general. We will have to wait for the final shape of their regulatory measures, before passing judgment on how effective it is. If it is as bad as Bitlicence, it could result in crypto-currency users avoiding Switzerland like the plague.

its not a good idea for me. even if its effective, it won't make btc users submit to it. people spend money for privacy and anonymity. the rest of us probably joined the herd all because they want to avoid tax, we've earned the bitcoin thru inflation, its not going to be fair.

Then its good if theres a bank which is accepting bitcoin. The thing is, is there such banks like that? Is it really possible for a bank to accept bitcoin? I guess its a bad idea. Bitcoin is not mean for banks that is centralize. Which means they have no control over bitcoin. If they gonna do that. Then, thats a good news. This is gonna be the first bank which is bitcoin friendly.

The home of cryptocurrency will be the internet. No where else but here. There is no point in having a physical hub for bitcoins or other cryptocurrencies. It is decentralized, having a center for it would mean that there would be control over it. Maybe not in how it works, but probably in other aspects of crypto.

I don't think this post is about centralization, i think that if a switzern bank launches her own crypto, it will be a centralized one for sure, because as long as bank/institution/country releases a crypto, then they have to prelevate taxes on it, because else, it won't be reliable for them as it is an investment, they won't play with their crypto price.

Maybe I think this post about centralization. I think the purpose of the OP is if Switzerland was home all crypto such as storing wealth a lot of people around the world. To launch a crypto I believe all banks / countries can make it, but if it becomes home all crypto I think not. Because Crypto is a virtual currency that is used as an alternative currency that typically are decentralized. This means that no party governing both from the government or the owner of crypto.

Indeed, if all crypto will be left into the hands of a central authority like switzerland then there would be centralization. Think about it like this, every crypto is landed on switzerland, hence they all must comply with the laws of the place. If they don't they will be booted out. This is one of the main reasons why crypto must remain in the internet. It should remain digital.

Yups very right, if there is centralization in bitcoin surely there will be many changes in bitcoin and will not be like this again. And we must also remember that the crypto-making is to become a freely convertible currency of any party and become a digital currency. So it is impossible to make into centralization because it will change the main purpose.

Do you trust the home of banking to be the new home of cryptocurrency?

Is this be a good thing for the future of cryptocurrency or will this just ensure that the banking system continues to control currency?

well i believe banking system will continue controlling currency for the foreseeable future and nothing can change that because people are quite happy with how things are and they are not seeking any change.

but as cryptocurrencies go, i have seen some action in Switzerland that looked so promising for the future of them but i have seem much more in other countries.

Do you trust the home of banking to be the new home of cryptocurrency?

Is this be a good thing for the future of cryptocurrency or will this just ensure that the banking system continues to control currency?

cryptocurrency is different than banking system and if the bank want to adopt the blockchain technology then the bank should learn first about the technology so they can apply with their system and this is the only way to integrated with blockchain technology because the each system of the technologies really not same between one with another.

If any country has potential to be home of Crypto Switzerland is fit the bill, you can see that some of these ICOs company are going to Switzerland to register there and take advantage of the law overthere, Ethereum, Slockit and recently Wings team

It will eventually become a crypto currency heaven just like it has become a tax haven for all the money people out there. Everyone involved in bitcoin will live in Switzerland as new elite while paying little taxes. This will push the rest of the countries to lower the taxes if they dont want to see all the bitcoin wealth leave.

there are a lot of examples why switzerland will play a role in Blockchain.

1. https://lykke.comLykke Wallet is a key element of the Lykke trading ecosystem. The Lykke Wallet iOS and Android apps make it simple for you to buy and sell digital currencies and assets on the Lykke Exchange, our next-generation trading platform with zero commission. Immediate settlement and direct ownership are enabled by distributed ledger technology. Now anyone can trade easily!

Cryptocurrencies, Blockchain, Digital Identities/ Certificates, encryption algorithms and other innovative technologies drive the social and economic process of digitalization. They foster the free and uncomplicated B2B and B2C exchange of goods and value. They support stability, trust and security in the web and in the economy.The Crypto Valley Zug is an ecosystem in the Swiss canton of Zug, which thrives and grows on the diversity and dynamics of its inhabitants and companies. Everyone is Welcome. From bringing together schools, media, venture capital/ private equity, established IT firms and young start-ups, a new attractive competency-cluster is formed that is already and successfully facing international competition heads on.

If any country has potential to be home of Crypto Switzerland is fit the bill, you can see that some of these ICOs company are going to Switzerland to register there and take advantage of the law overthere, Ethereum, Slockit and recently Wings team

I couldn't agree with you more, Switzerland is the home of banking and they can be trusted with any currency on this planet including cryptocurrencies because of their long standing reputation and the laws are lenient so no country fits better folks.

If any country has potential to be home of Crypto Switzerland is fit the bill, you can see that some of these ICOs company are going to Switzerland to register there and take advantage of the law overthere, Ethereum, Slockit and recently Wings team

I couldn't agree with you more, Switzerland is the home of banking and they can be trusted with any currency on this planet including cryptocurrencies because of their long standing reputation and the laws are lenient so no country fits better folks.

Yes. Switzerland has always been known for its "numbered accounts". Meaning its a great place to hide money. Why not cryptocurrencies too?

If you need to hide money or operate in a country that condones it, there is most likely something shady going on.

" If you have to spam and shout to justify your existence then you are a shit coin." TaunSew

My initial reaction was that is impossible. But I searched and I found that Zug a small town in Switzerland is the first one in the world which accepts bitcoin up to 200 CHF for government services. I believe that the success of Switzerland in the global financial and banking sector is partly due to the open mind decisions and friendly policies when dealing with money. For this reason some describe the land between Zyrich and Zug as 'crypto -valley' compared to silicon valley in California http://www.coindesk.com/blockchain-innovation-switzerland-crypto-valley-new-york/.

There is an adage that says you can't change the skin of a leopard. Things like this is what Switzerland is known for and its even soothe their business model, I expect crypto-business like boom in the country soon

Switzerland is very advanced country, they are interested in crypto world for a long time. 'The Swiss Government is Paving the Way for Crypto Banks' this is headline from one news on coindesk few months ago. They are encouraging crypto currency and blockchain development in their country, and that is very positive news for bitcoin. Switzerland is much smaller then China, USA, Russia, but they can have a big role in blockchain I think.